Breaking news
Lithuania to increase defense spending by 32% in 2015.
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Defence & Security News - Lithuania |
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Monday, December 8, 2014 09:24 AM | |||
Lithuania to increase defense spending by 32% in 2015 | |||
Defence
allocations to the Lithuanian Ministry of National Defence total EUR 425
m, or 1.11 pct of GDP, in the 2015 State and Municipal Budget of Lithuania
approved by the Lithuanian Seimas, which is by 32 pct more funds for defence
than in 2014. Moreover, the Defense Minister has also announced the enhancement
its defence capacity and replenishment of ammunition reserve of the Lithuanian
Armed Forces. |
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Lithuanian Ministry
of National Defence projects to reach the 2 pct of GDP defence budget
required by NATO by 2020 |
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The
Lithuanian Ministry of National Defence has projected to reach the 2 pct
of GDP defence budget to meet NATO requirements by 2020.
Moreover,
the Lithuanian Ministry of National Defence has signed contracts on ammunition
procurement for nearly LTL 50 m to date. The bulk of the acquisition is
made up by ammunition for the G36 assault rifle, 120 mm mortar, and the
Carl-Gustaf antitank recoilless rifle. |
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